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3 years ago

Ensley Corporation has provided the following data concerning its only product:

Business

1 answer:

Minchanka [31]3 years ago

5 0

Answer:

28%

Explanation:

Given that,

Selling price = $ 200 per unit

Current sales = 30,300 units

Break-even sales = 21,816 units

Current sales in dollars:

= Current sales × Selling price

= 30,300 units × $200 per unit

= $6,060,000

Break even sales in dollars:

= Break-even sales × Selling price

= 21,816 units × $200 per unit

= $4,363,200

Margin of Safety as a percentage of sales:

= (Current sales in dollars - Break even sales in dollars) ÷ Current sales in dollars

= ($6,060,000 - $4,363,200) ÷ $6,060,000

= $1,696,800 ÷ $6,060,000

= 0.28 or 28%

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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p

Sonbull [250]

Answer:

Sonic Inc.

a) Sales Budget:

Rumble Thunder

Total units sold 8,550 7,450

Unit sales price $135 $210

Sales value $1,154,250 $1,564,500

b) Production Budget:

Rumble Thunder

Total units sold 8,550 7,450

Desired inventory (units), June 30 299 56

Estimated inventory (units), June 1 260 64

Units to be produced 8,589 7,442

Explanation:

a) Data and Calculations:

Rumble Thunder

Total units sold 8,550 7,450

Desired inventory (units), June 30 299 56

Estimated inventory (units), June 1 260 64

Units Produced 8,589 7,442

Rumble Thunder

Expected sales volume (units):

Midwest Region 3,650 3,200

South Region 4,900 4,250

Total units sold 8,550 7,450

Unit sales price $135 $210

a) The Sonic Inc.'s sales budget determines the production budget. When the quantity to be sold is obtained, then production planning can take place based on meeting customers' demand for goods or services.

b) The Production budget is a bye-product of the sales budget, though, it is critical in the whole value chain. It is the production budget that guides production planning, including the type, design, and other features of the product.

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3 years ago

Mary works in the accounting department of new trends sales company. her job includes reviewing expense reports submitted by man

Salsk061 [2.6K]

<span>She should apply the same principles that would be applied to any other employee. To do otherwise would be to run afoul of the entire ethos of the company. It would set a bad example for the employees and would cause those in management to lose respect (and possibly lead to some sort of ethical investigation by those with the proper authority to do so).</span>

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3 years ago

A risk management assessment is a systematic and methodical evaluation of the security posture of the enterprise.

Korolek [52]

Answer: false

Explanation:

Vulnerability assessment is defined as the systematic and methodical evaluation of security posture of the enterprise. It is used to expose the assets to the things that can harm them.

The steps that are involved in vulnerability assessment are the identification of asset, threat evaluation, the vulnerability appraisal, the risk assessment and finally the risk mitigation.

Therefore, the question is false

3 0

3 years ago

Dyckman Dealers has an investment in Thomas Corporation bonds that Dyckman accounts for as a trading security. Thomas Corporatio

faust18 [17]

Answer: $20,000

Explanation:

Bonds are to be carried in the books at their fair value which is their market value. That value is $20,000 in this instance and so Dyckman Dealers will have to record the bonds at that $20,000 value.

Investment analysis are not a basis for recording bond prices. They are simply a basis for making investment decisions. For instance, because they believe that the bond is overvalued, they can benefit from this by short selling the bond and waiting for it to drop in price.

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3 years ago

Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei

Thepotemich [5.8K]

Answer:

B. $42,000

Explanation:

Trade receivables refers total amounts that customers of a company are owing the company for goods or services sold to them.

For Michael Co., this can be calculated as follows:

Michael's total trade receivables = 3-month note due from Michael's main customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

Therefore, we have:

Michael's total trade receivables = $12,000 + $19,000 + 11,000 = $42,000.

Therefore, Michael's total trade receivables is $42,000.

7 0

2 years ago